Yoigo expresses interest in Orange's potential divestitures to get EC clearance
Swedish telecom group TeliaSonera’s Spanish unit Yoigo has expressed interest in the assets that the French group Orange may be forced to sell in order to get approval for its acquisition of Jazztel, Europa Press reported. The Spanish-language report cited unspecified sources from Yoigo and said that the company has held discussions with the European Commission about the matter.
Talks are confidential and no official information has leaked about any potential concessions Orange may agree to in order to acquire Jazztel, the report went on to say. The EC’s objections to the deal are not known, but market sources speculate that the French group may have to sell fixed telecoms assets in both fiber and copper.
Orange’s outstanding assets could also be targeted by the Spanish operator MasMovil, which has also taken part in discussions in Brussels about Jazztel’s sale, the report went on to say.
Orange is the Spanish market’s largest alternative operator, the report noted.
A previous unsourced report said Orange has offered to transfer its network to MasMovil and Yoigo to get the European Commission’s (EC) approval of its planned acquisition of Jazztel.
Europa Press